Paradise Gas Auto Care Leases Retail Space At 925 South Verdugo Road In Glendale
925 South Verdugo Road
$6
$6/SF
Building Size
2,025 SF
Asset Type
Retail
Closing
Oct 25, 2023
AI
A retail property located at 925 South Verdugo Road in Glendale has recently been leased. The property has a total square footage of 2,025 and is owned by Gorgee Khodaverdian & Andy A. Mattewsian. The tenant for this lease is Paradise Gas Auto Care.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $6.5 per square foot
- Lease Term: 7 years
- Landlord's Representative: Karl Markarian - JohnHart Real Estate
This lease is a 7 Year Trip NNN Lease Term with Zero Landlord Responsibility, providing the tenant with a long-term commitment and relieving the landlord from any maintenance responsibilities. The transaction was facilitated by Karl Markarian from JohnHart Real Estate, representing the landlord.
Players
Glendale Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2643833.33%
Cash-on-Cash
-755615.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93